The Mortgage market has been affected drastically by COVID – 19 (Corona Virus). Mortgage Lenders have reacted quickly in supporting borrowers with upto a 3 month Payment Holiday.

Each mortgage lender has provided updates and assistance to borrowers, these updates are often on a daily basis.

You can use the COVID-19 Mortgage Information Tool to find out the changes from your mortgage lender. (scroll down to select your lender)

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3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Visit the information resource here https://www.bmmortgages.co.uk/

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

TBC

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

TBC

Useful Links & Contact Numbers

Birmingham Midshires COVID-19 Information https://www.bmmortgages.co.uk/

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Customers need to visit our website and complete a form – currently around 7 working days to get back to customers https://www.hsbc.co.uk/guides/borrowing/what-is-a-payment-holiday/

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

TBC

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

TBC

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

HSBC COVID-19 Information https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Use the online resource found here https://www.leedsbuildingsociety.co.uk/mortgages/

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

TBC

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Max lending is between 60%-80%. BTL restricted to 70%.

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Leeds BS COVID-19 Information https://www.leedsbuildingsociety.co.uk/mortgages/

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Call the mortgage servicing team on 03453191200

How will the payment holiday affect my mortgage ?

TBC

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

Only like-for-like remortgages allowed.

Product Switches during payment holidays

TBC

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Remortgage business ONLY. Maximum LTV is 60% on all products

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Metro Bank COVID-19 Information https://www.metrobankonline.co.uk/coronavirus/coronavirus-personal-customers/

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Please email us at btlcs@paragonbank.co.uk with the subject header ‘Payment Holiday’, along with your full name, mortgage account number(s), buy-to-let property address and telephone number. We will contact you when we have confirmed full details. Or visit the online resource here https://www.paragonbank.co.uk/coronavirus

How will the payment holiday affect my mortgage ?

TBC

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

TBC

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

TBC

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Paragon COVID-19 Information https://www.paragonbank.co.uk/coronavirus

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Use the online resource here https://www.co-operativebank.co.uk/news/2020/coronavirus-support-personal-customers

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

Yes – allowed

Product Switches during payment holidays

Yes – allowed

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

TBC

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Platform COVID-19 Information https://www.co-operativebank.co.uk/news/2020/coronavirus-support-personal-customers

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Please email your mortgage account number and a brief summary of your enquiry to collectionsenquiries@precisemortgages.co.uk and we will contact you as soon as possible or within 5 days.

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

Yes – allowed

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

NO new lending

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Precise COVID-19 Information https://www.precisemortgages-customers.co.uk/

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Tel: 0330 333 4020 or visit the website; https://www.principality.co.uk/coronavirus

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

TBC

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Max LTV 80% on any lending.

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Principality COVID-19 Information https://www.principality.co.uk/coronavirus

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Use the online form https://www.skipton.co.uk/corona-virus-updates

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

TBC

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Max LTV 75% on any lending.

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Skipton COVID-19 Information https://www.skipton.co.uk/corona-virus-updates

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

The payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

Customers must not be more than one month in arrears.

How to apply

Use the online form https://www.tmwdirect.co.uk/payment-holidays#apply

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

Product Switches MUST be completed before any payment holidays are in place.

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Max LTV 80%.

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

TMW COVID-19 Information https://www.tmwdirect.co.uk/payment-holidays#apply

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

For residential mortgages, the payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Use the online form https://www.tsb.co.uk/coronavirus/

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

Product Switches – Allowed

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Max LTV 60%.

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

TSB COVID-19 Information https://www.tsb.co.uk/coronavirus/

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

For residential mortgages, the payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Use the online form https://uk.virginmoney.com/contact/support-hub/coronavirus/ or call the helpline on 03456050500.

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

Product Switches – Allowed

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

NO purchases, remortgages ONLY. Withdrawn all products above 60% LTV and 55% for BTL. Maximum loans are £300K and 275K respectively. Maximum property value £500K

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Virgin Money COVID-19 Information https://uk.virginmoney.com/contact/support-hub/coronavirus/

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

For residential mortgages, the payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

How to apply

Use the online form or call the helpline on 08000234603 https://www.santander.co.uk/personal/support/loans-and-mortgages/coronavirus-faq

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

Yes – allowed

Product Switches during payment holidays

Product Switches – Allowed

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Withdrawn all products above 60% LTV.

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Santander COVID-19 Information https://www.santander.co.uk/personal/support/loans-and-mortgages/coronavirus-faq

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service https://www.moneyadviceservice.org.uk/en/articles/coronavirus-and-your-money

3 month payment holiday details

For residential mortgages, the payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

If you have paid overpayments in the last 12 months, we can reduce payments to balance on what has been paid.

How to apply

Use the online form found at https://www.coventrybuildingsociety.co.uk/consumer/help/important-updates.html

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file.

Remortgaging during payment holidays

Yes – allowed

Product Switches during payment holidays

Product Switches – Allowed

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Withdrawn all products above 65% LTV.

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Coventry COVID-19 Information https://www.coventrybuildingsociety.co.uk/consumer/help/important-updates.html

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

Holiday payments will be granted as long as the customer is in no more than one month of arrears. On a joint mortgage everyone has to agree to the holiday payment

Customers must be no more than 1 months in arrears

If you have paid overpayments in the last 12 months, we can reduce payments to balance on what has been paid.

How to apply

Use the online form found at https://www.nationwide.co.uk/support/coronavirus

How will the payment holiday affect my mortgage ?

After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.

Will the payment holiday affect my Credit Score ?

NO – but contact us if you’re worried that you might not be able to make your next payment

Remortgaging during payment holidays

TBC

Product Switches during payment holidays

Product Switches MUST complete or be in scheduled BEFORE taking the payment holiday.

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Withdrawn all products above 75% LTV.

Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.

Useful Links & Contact Numbers

Nationwide COVID-19 Information site https://www.nationwide.co.uk/support/coronavirus

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

Yes 3 months payment holiday for all customers available for reasons related to Corona Virus.

*Customers should not be in arrears

How to apply

Email Natwest direct on paymentholiday@natwest.com or us the online form https://personal.natwest.com/personal/mortgages/existing-customers.html

How will the payment holiday affect my mortgage ?

Payments will be capitalised after the payment holiday period – however if you’re worried about the new higher amount, speak to our support team for other options

Will the payment holiday affect my Credit Score ?

NO – but contact us if you’re worried that you might not be able to make your next payment

Remortgaging during payment holidays

Yes – available

Product Switches during payment holidays

Product Switches can continue during this period

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Withdrawn all products above 80% LTV.

Useful Links & Contact Numbers

Natwest COVID-19 Information site https://personal.natwest.com/personal/support-centre/coronavirus.html

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

We’re only offering payment holidays if you have a residential mortgage (for your home), and if your income has been affected by the coronavirus situation.

How to apply

Please complete the online form https://www.halifax.co.uk/mortgages/existing-customers/payment-holidays/

How will the payment holiday affect my mortgage ?

Payments will be capitalised after the payment holiday period – however if you’re worried about the new higher amount, speak to our support team for other options

Will the payment holiday affect my Credit Score ?

NO – but contact us if you’re worried that you might not be able to make your next payment

Remortgaging during payment holidays

Yes – available

Product Switches during payment holidays

Product Switches can continue during this period

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Withdrawn all products above 60% LTV for Residential Mortgages

Clients who’ve exchanged contracts already will be able to extend their mortgage offer by up to three months. 

Useful Links & Contact Numbers

Halifax Helpline 0345 850 3705 

Halifax COVID-19 Information site https://www.halifax.co.uk/mortgages/existing-customers/payment-holidays/

UK Government COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service

3 month payment holiday details

We’re only offering payment holidays if you have a residential mortgage (for your home), and if your income has been affected by the coronavirus situation.

You could switch to interest only for limited periods

How to apply

Please call the Barclays Helpline on – 0333 202 7492

How will the payment holiday affect my mortgage ?

Payments will be capitalised after the payment holiday period – however if you’re worried about the new higher amount, speak to our support team for other options

Will the payment holiday affect my Credit Score ?

NO – but contact us if you’re worried that you might not be able to make your next payment

Remortgaging during payment holidays

Unknown

Product Switches during payment holidays

Product Switches can continue during this period

Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.

Lending Restrictions

Withdrawn all products above 60% LTV for Residential & BTL

Not lending in NI/Scotland 

Clients who’ve exchanged contracts already will be able to extend their mortgage offer by up to three months. 

Useful Links & Contact Numbers

Barclays Helpline 0333 202 7492

Barclays COVID-19 Information site https://www.gov.uk/coronavirus

Money Advice Service